Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of this Act, a person or entity is taken to have incurred an amount of electoral expenditure in a financial year (the current financial year ) if:
(a) the person or entity incurred that amount of electoral expenditure in a previous financial year; and
(b) as a result of incurring that electoral expenditure, the person or entity was required to be registered as a significant third party in the previous financial year; and
(c) the person or entity was not so registered:
(i) in the previous financial year; or
(ii) if the person or entity was required to be registered under section 287F and the 90 - day period in which the person was required to be registered ended after the end of the previous financial year--by the end of that period.
(2) This section ceases to apply, at the end of the current financial year, in relation to the amount of electoral expenditure if the person or entity is registered as required as a significant third party in the current financial year.